Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.078%

Price spread now: ApeX Omni against Binance−0.423%99s7-day average −0.134% · you buy dearer than you sell

Net, funding: paid 7d − costs−$126as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$330.331% of the position

Long on Binance Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.933%−$93 on $10k

Price spread, last 7 days+0.356%+$36 · spread now −0.423%, 7d avg −0.134%

Together, before fees−0.577%−$58 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: ApeX Omni is 0.289% cheaper against Binance than usual: you would sell low and buy high, −$29 on $10k if it goes back to its 7-day average of −0.134%. The two prices were read 99 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ZECUSDT	1,477	0.0100	pay 0.0100% / 8h	2h 27m	$682.3M	$2.17B	75x
Short	ApeX Omni ZECUSDT	1,470.8	0.0100	get 0.0013% / 1h	27m 59s	$407K	$926K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Binance. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BinancebpFee ApeX OmnibpOrdersPrice spread, now −0.423%Rate

Funding earned: $0
Price spread: −0.423% → −0.134%: −$28.88
Slippage, 4 orders: −$13.12
Fee Binance: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$62
Costs to cover: 0.331%
Break-even: never at this rate

Slippage from Binance: live order book, 16 min ago; ApeX Omni: live order book, 21 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Binance live order book, 16 min ago	0.03 bp	5.1 bp −$5	5.6 bp −$56	13.9 bp −$1,390	doesn't fit
Sell ApeX Omni live order book, 21 min ago	3.95 bp	14.0 bp −$14	37.2 bp −$372	doesn't fit	doesn't fit

ZEC on 51 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective ZEC/USDC PERP	−0.3243%	1h	1,473.3	−0.254%	$34K	$272K	12x	as long as short
BloFin ZEC-USDT	−0.0088%	8h	1,476.8	−0.018%	$30.0M	$71.5M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,477.2	+0.010%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,475.1	−0.132%	$410K	$37K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,477	−0.005%	$1.6M	$4.5M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,477.4	+0.022%	$84K	$239K	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	0.0000%	1h	1,477.1	+0.002%	$622K	$1.3M	25x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0007%	1h	1,477	−0.001%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0062%	8h	1,476.5	−0.034%	$295K	$896K	20x	as long as short
01 Exchange ZECUSD	+0.0072%	1h	1,477.3	+0.016%	$8K	$7K	5x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ZECUSDT	+0.0091%	8h	1,476.4	−0.043%	$265.2M	$592.6M	75x	as long as short
Phoenix ZEC	+0.0092%	1h	1,473.3	−0.252%	$4.7M	$1.3M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,477.6	+0.035%	$174K	$1.6M	50x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0099% / S −0.0052%	1h	1,476.6	−0.030%	$440K	—	100x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,477.1	+0.002%	$13K	$817K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,477.3	+0.019%	$61K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,478.1	+0.070%	$2.9M	$6.3M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,478.4	+0.092%	$769.4M	$420.3M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,477	−0.001%	$14.5M	$28.2M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,475.7	−0.093%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDTlong	+0.0100%	8h	1,477	long leg	$682.3M	$2.17B	75x
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,476.6	−0.032%	$179.2M	$1.22B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,475.6	−0.097%	$399K	$433K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,472.4	−0.313%	$889K	$15K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,477	−0.003%	$53.3M	$171.8M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,477	0.000%	$228.1M	$764.3M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,477.2	+0.009%	$103.9M	$52.6M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,477.3	+0.019%	$167.2M	$268.3M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,477.2	+0.008%	—	$110.6M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,471.5	−0.377%	$48.3M	$32.4M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,469	−0.543%	$555K	$8.5M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,474	−0.204%	$3.0M	$455K	10x	as long as short
ApeX Omni ZECUSDTshort	+0.0100%	1h	1,470.8	−0.423%	$407K	$926K	50x
StandX ZEC-USD	+0.0100%	1h	1,472.8	−0.290%	$50K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,477.4	+0.024%	$363K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,477	−0.005%	$162K	$183K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,475.5	−0.107%	$450K	$506K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,478.7	+0.111%	$3K	$1.1M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,476.4	−0.041%	$244K	$3.2M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,475.4	−0.114%	$2.7M	$18.4M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,477.3	+0.015%	$3.9M	$4.8M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,477.2	+0.012%	$2.8M	$7.8M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,476.5	−0.036%	$46K	$152K	20x	as long as short
Lighter RH ZEC	+0.0128%	1h	1,478.4	+0.095%	$2.1M	$7.1M	10x	as long as short
Kraken Futures PF_ZECUSD	+0.0146%	1h	1,476.7	−0.022%	$18.1M	$45.7M	25x	as long as short
RISEx ZEC/USDC	+0.0154%	1h	1,478.2	+0.081%	$933K	$1.1M	10x	as long as short
Lighter ZEC	+0.0192%	1h	1,478.5	+0.097%	$19.5M	$44.0M	20x	as long as short
Backpack ZEC_USDC_PERP	+0.0399%	1h	1,477.9	+0.056%	$2.4M	$3.7M	15x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0496%	1h	1,479.7	+0.183%	$3.7M	$9.3M	50x	as long as short
Arcus ZEC-USD	+0.0508%	1h	1,478.4	+0.090%	$662K	$8.2M	10x	as long as short
Aftermath Perps ZECUSD	+0.0717%	1h	1,472.8	−0.288%	$45K	$49K	10x	as long as short